Duties of a Transaction Coordinator

Tons of details are involved in every real estate transaction. Many agents try to handle everything themselves, and most of the time it works. At one point or another, however, every agent will forget to do something or feel stuck with redundant administrative tasks.

Try hiring a transaction coordinator to manage these duties throughout each stage of the transaction. A transaction coordinator will leave you with more time to spend with current clients, prospect new clients, and grow your business. A transaction coordinator, or TC, is someone who assists a real estate agent by performing the administrative duties required during each stage of a transaction from contract to closing. Duties include:

• Opening escrow

• Coordinating inspections, repair negotiations, and completion of repairs

• Communicating updates to clients, agents, lenders, and other people involved in the transaction

• Monitoring the contingency period

• Ensuring all documentation is submitted

• Coordinating the closing process

• Scheduling client follow-up calls (after close) to check in and ask for referrals.

Your TC will take care of the time-consuming administrative tasks required for each transaction, giving you more time to focus on:

• build relationships

• providing an exceptional client experience

• prospecting

• spending quality time with family and friends